UK oil and gas companies downplay Bitcoin mining rumors, emphasizing priority in securing their own country's energy supply

Mars Finance reports that on April 20, UK oil and gas company Reabold Resources issued a clarification statement on April 20 regarding weekend media reports that it would prioritize Bitcoin mining using natural gas fields rather than boosting the UK’s energy supply. The company said that its West Newton natural gas field in Yorkshire will continue to put serving the UK’s energy security first. At the same time, the company is indeed exploring the deployment of small-scale power generation facilities to use the initial natural gas output for Bitcoin mining, but this is intended to demonstrate the feasibility of developing data centers driven by on-site gas, paving the way for future larger-scale data center projects. The company emphasized that this will not rule out the possibility of injecting natural gas into the national grid or supplying industrial users in the future. Earlier reports said the gas field could theoretically mine 50,000 Bitcoins, but the company did not confirm any timeline or equipment plans for this.